Oil hits six-month high as US set to withdraw waivers from Iran oil sanctions

The Trump administration has informed eight nations, including China, Japan and India, that the sanctions waivers granted for their oil purchases from Iran are to be cancelled, in order to bring Iran’s oil exports down to zero. The announcement, which threatens to wipe roughly 1 million barrels per day off the market, pushed Brent crude up on Monday to 73.4 bpd, a six-month high.

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11 thoughts on “Oil hits six-month high as US set to withdraw waivers from Iran oil sanctions

  • Apr 22, 2019 @ 20:13 at 20:13
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    Goody, goody, goody, . . . love it.

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    • Apr 23, 2019 @ 0:30 at 0:30
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      Iraq oils sanctions never got rid of Saddam, instead they got more brutal.

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      • Apr 23, 2019 @ 6:21 at 6:21
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        France and a host of countries cut their own deals with Saddam and ignored all sanctions including weapons.

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      • Apr 23, 2019 @ 10:56 at 10:56
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        And your point is…..? If people like you are in control, evil would truly flourish. I for one am grateful that God put a man in that white house who will not reward nor capitulate to evil. I don’t care how hard it hits that regime, the more they feel the pinch, the more incentive there is to topple those evil men in control of that land. Cut them off from EVERYTHING! When they take the head of their ayatollah, I will be convinced they are ready for a positive change in that country.

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  • Apr 22, 2019 @ 20:33 at 20:33
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    No big secret, there will be disayatollafication, disinfection and disbanding the terrorists guards, that’s all.
    No biggie, only to make Iran a country again.

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  • Apr 22, 2019 @ 23:22 at 23:22
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    ALL IS LOST FOR ENEMY, PALESTINIAN BIG HERO ABBAS WINS.

    PLO to discuss revoking Israel recognition, ending security coordination, Abbas will also seek worldwide support for Palestinian opposition to Trump’s upcoming plan.

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    • Apr 23, 2019 @ 1:26 at 1:26
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      Ummmm wouldnt they technically 1st have to actually recognized Israel in order be able to revoke any such recognition?!

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    • Apr 23, 2019 @ 6:25 at 6:25
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      Israel should eliminate the PLO, Hamas, Hezballah and take back Gaza. Bombing empty buildings and negotiation has not worked and will not work with a people and a religious cult that calls for the total extermination of every Jew.

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    • Apr 23, 2019 @ 10:57 at 10:57
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      The PLO have no credibility, and no say about anything in this world.

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  • Apr 23, 2019 @ 6:11 at 6:11
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    Wow – the flea will refuse to recognize the elephant…

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    • Apr 23, 2019 @ 19:25 at 19:25
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      Fleas in this region are a bit brainwashed! Opps, I just implied they have brains

      Reply

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